Indore, Madhya Pradesh, India | 16th August 2025: Setting an unprecedented benchmark in India’s capital markets, Highway Infrastructure Limited has made history with its mainboard IPO being oversubscribed 316 times, securing the position as the third most subscribed IPO in India’s history. This landmark achievement comes from Indore after an eight-year gap, putting the city firmly on the national business map. The company’s shares debut today on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), marking the start of a new growth era.
Founded in 1995, Highway Infrastructure Limited has emerged as a trusted leader in road and bridge construction as well as toll operations. With projects worth over ₹2,000 crore successfully completed on time, operations spread across 11 states and 1 union territory, and a balanced mix of EPC and toll projects, the company has built a reputation for reliability and execution excellence.
The Union Budget 2024-25 has allocated ₹11.11 lakh crore for capital expenditure, with ₹2.78 lakh crore dedicated to the road sector. Over the next five years, more than 35,000 km of national highways are set to be built, creating massive opportunities for infrastructure players. With a robust order book and proven capabilities, Highway Infrastructure Limited is well-positioned to take a leading role in India’s infrastructure expansion.
Leadership Speaks
- Arun Jain, Managing Director, said: “The record IPO subscription reflects investor trust in our track record and future vision. We aim to expand nationwide and participate in larger projects to transform India’s infrastructure.”
- Anoop Agrawal, Whole-Time Director, added: “With strong investor support and a healthy order pipeline, we’re ready to set new standards in technology, efficiency, and quality.”
- Riddharth Jain, Director and next-generation leader, brings a fresh, tech-driven perspective to complement the senior leadership.
Market Insights
According to infrastructure expert CA Bhavya Mantri, “The company’s strong returns, low debt-equity ratio, and balanced business model make it a compelling choice for long-term investors. The overwhelming IPO response reinforces this confidence.”
Financial Strength
Highway Infrastructure Limited boasts impressive financial metrics with ROCE of 16.56%, ROE of 19.03%, and a low debt-equity ratio of 0.61. These fundamentals, coupled with strategic vision and investor trust, place the company in a prime position to contribute significantly to India’s infrastructure growth in the coming years.
